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OSRAM completes ownership of Traxon

11 November 2011 9.30 GMT

(Germany) - OSRAM has acquired the remaining shares in Traxon Technologies from its joint venture partner as of 9 November 2011 thus further strengthening its position in the LED lighting solutions market.

OSRAM obtained a controlling 51 percent in Traxon, who specialise in applications for the architectural, retail and hospitality segments, in 2009 and operated under the name of 'Traxon Technologies – An OSRAM Company'.

"We are supporting our own development measures with selected acquisitions with a view to systematically expanding our business with LED and light-ing solutions, both technologically and regionally," said Martin Goetzeler, member of the Managing Board of OSRAM AG and Chief Operating Officer.

Headquartered in Hong Kong and in Paderborn, Germany, Traxon Technologies is a leading global supplier of professional LED systems and solutions which include luminaires and lighting control systems. LED solutions for the architecture, hospitality and retail segments are marketed under the brand names of Traxon and e:cue.

Over 4,000 installations and projects around the world, including the Worldwide Plaza in New York and the 'Christ the Redeemer' statue on Sugar Loaf Mountain in Rio de Janeiro, testify to Traxon's achievements in this field. Traxon operates worldwide in the key markets of Asia, Latin America, Europe, Middle East and North America.

OSRAM recently purchased the European luminaire manufacturer Siteco as well as Encelium – a US software manufacturer for light management systems. The acquisition of the remaining shares in Traxon will further strengthen OSRAM's portfolio, opening up new fields of application and further expanding the company's regional presence.

"Acquiring Traxon is an important step for OSRAM on its way to becoming one of the leading suppliers of LED lighting solutions. With our technology, we provide the right light, in the right amount, at the right place, at the right time" said Klaus-Günter Vennemann, CEO of OSRAM´s General Lighting business unit.

“This is great news for our team, our customers and partners. Being fully part of OSRAM will allow Traxon and e:cue to further strengthen our position in the market for innovative and flexible solid state lighting systems and solutions,” said Nicolai Wiest, CEO of Traxon Technologies.


The famous 'Christ the Redeemer' statue on Sugar Loaf Mountain in Rio de Janeiro, lit by Traxon

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